Obama Warns Oil Spill Will Substantially Impact Economy

President Barack Obama meets with members of his Cabinet at the White House to discuss the response to BP Deepwater Horizon oil spill, 07 Jun 2010


VOANEWS.com
07 June 2010
Dan Robinson

The White House
 
President Barack Obama Obama has met with Cabinet and other officials dealing with the massive oil spill in the Gulf of Mexico. The president says it is clear there will be substantial ongoing economic effects from the spill.


The president spoke after meeting with Cabinet and other officials directly involved in the response to the worst environmental disaster in U.S. history.

If containment efforts are successful, he said, it will take at least two more months for relief wells to be completed. Even after that, the president said Americans should be prepared for a substantial and ongoing economic impact.

"This will be contained. It may take some time and it is going to take a whole lot of effort," he said "There is going to be damage done to the Gulf coast, and there is going to be economic damage that we have got to make sure BP is responsible for and compensates people for," said the president.

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